Ascent Solar Technologies (NASDAQ:ASTI) Releases Quarterly Earnings Results, Misses Estimates By $0.08 EPS

Ascent Solar Technologies (NASDAQ:ASTI) posted its quarterly earnings data on Friday. The company reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.19) by ($0.08), FiscalAI reports. The firm had revenue of $0.05 million for the quarter, compared to the consensus estimate of $0.05 million. Ascent Solar Technologies had a negative return on equity of 261.07% and a negative net margin of 10,041.03%.

Ascent Solar Technologies Price Performance

NASDAQ:ASTI opened at $4.32 on Friday. The firm has a market capitalization of $40.87 million, a P/E ratio of -1.76 and a beta of 1.45. Ascent Solar Technologies has a 1-year low of $1.10 and a 1-year high of $9.87. The company’s fifty day moving average price is $4.93 and its 200-day moving average price is $4.20.

Analyst Upgrades and Downgrades

ASTI has been the subject of several recent analyst reports. HC Wainwright assumed coverage on shares of Ascent Solar Technologies in a research note on Thursday, April 23rd. They set a “buy” rating and a $20.00 price objective for the company. Weiss Ratings reissued a “sell (e+)” rating on shares of Ascent Solar Technologies in a research report on Monday, April 20th. Finally, Zacks Research raised shares of Ascent Solar Technologies to a “hold” rating in a research report on Friday, April 24th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $20.00.

Institutional Trading of Ascent Solar Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the business. Cetera Investment Advisers acquired a new stake in shares of Ascent Solar Technologies in the fourth quarter worth $89,000. Geode Capital Management LLC increased its stake in shares of Ascent Solar Technologies by 87.7% in the fourth quarter. Geode Capital Management LLC now owns 26,938 shares of the company’s stock worth $111,000 after acquiring an additional 12,588 shares during the period. Jane Street Group LLC acquired a new stake in shares of Ascent Solar Technologies in the fourth quarter worth $116,000. Finally, HRT Financial LP acquired a new stake in shares of Ascent Solar Technologies in the fourth quarter worth $208,000. Institutional investors and hedge funds own 10.55% of the company’s stock.

About Ascent Solar Technologies

Ascent Solar Technologies, Inc (NASDAQ:ASTI) develops and manufactures thin-film photovoltaic modules based on copper indium gallium selenide (CIGS) semiconductor technology. Designed for lightweight, flexible and durable integration, Ascent Solar’s products are well-suited to mobile and off-grid applications where conventional rigid panels are impractical. The company’s portfolio includes both rollable and laminate modules that can be bonded onto a variety of surfaces, from textiles and curved structures to aerospace platforms.

Ascent Solar’s modules target a diverse set of end markets, including military and defense sectors, unmanned aerial vehicles (UAVs), consumer electronics, automotive and building-integrated photovoltaics (BIPV).